The Financial Express

Search results for: economy

Taxpayers' money of Tk 261.8m earmarked for 56 autos for road widening projects!

FHM HUMAYAN KABIR 2020-12-18 10:24:40

The Roads and Highways Department (RHD) has proposed to purchase a pool of 56 vehicles at Tk 261.8 million for Dhaka-Sylhet-Tamabil road-widening projects. Among the vehicles, insiders said on Monday...

Dhaka gridlock costs Tk 1.53b a day

KAMRUN NAHAR 2020-12-18 08:17:15

Traffic congestion in Dhaka has long been taking a heavy toll on five areas including working hour loss, additional fuel consumption, pavement damage, accident during peak hour, and environmental impa...

Govt to finalise plan for utilising forex reserves before budget

-- 2020-12-17 18:40:32

The government is likely to decide on borrowing funds for different projects from foreign exchange reserves before the next national budget. Finance Minister AHM Mustafa Kamal revealed the planned ti...

India invites Bangladesh to join BRICS Bank

-- 2020-12-17 15:26:03

Indian Prime Minister Narendra Modi has invited Bangladesh to join the New Development Bank or BRICS Bank, a multilateral institution which mobilises resources for infrastructure and sustainable devel...

Singapore's resident employment posts strong rebound in Q3

-- 2020-12-17 11:46:16

The employment of Singapore's residents, referring to Singapore citizens and permanent residents, rebounded strongly in the third quarter (Q3) of 2020, according to the Labour Market Report released b...

Aramco may have to borrow more to maintain Saudi dividend

Reuters 2020-12-17 10:59:05

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market...

Guzman's shifting role: From scoring goals to saving Argentina's economy

-- 2020-12-16 14:06:13

When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department’s intramural soccer team and reached...

ADB approves $0.5m in grant to improve Bangladesh’s business competitiveness

-- 2020-12-16 12:53:51

The Asian Development Bank (ADB) has approved $0.5 million in grant assistance for supporting knowledge works to promote business competitiveness and intraregional trade of Bangladesh. The assistance...

Pandemic exodus from New York costs about $34b: Study

Reuters 2020-12-16 09:25:24

Millions of people have moved out of New York City during the pandemic, but at the same time, millions of others with lower incomes have taken their place, according to a study released on Tuesday. A...

Greenfield FDI inflow into Bangladesh falls drastically

Monira Munni 2020-12-16 08:54:12

Greenfield foreign direct investment (FDI) in Bangladesh declined by 84 per cent during the first half of 2020 over that of the corresponding period of 2019, primarily due to the Covid-19, according...

Thrust on successful implementation of PPP projects with Japan

FE Online Desk 2020-12-15 20:18:25

A top official of Public-Private Partnership Authority on Monday emphasized on the importance of moving forward with the five PPP projects with Japan on a G2G modality. The projects are construction...

Jordan to hire over 12,000 RMG workers from Bangladesh

-- 2020-12-15 19:25:07

Jordan’s readymade garments (RMG) sector will recruit over 12,000 skilled workers from Bangladesh in one year. “This recruitment will be processed only through Bangladesh Overseas Employm...

Forex reserve crosses $42b for first time

FE ONLINE REPORT 2020-12-15 19:18:57

The country’s foreign exchange (forex) reserve crossed $42 billion mark for the first time ever on Tuesday following lower import payment obligations and higher growth of inward remittance, offi...

81 million jobs lost in Asia, Pacific labour markets due to Covid

FE Online Report 2020-12-15 15:52:32

The economic backlash of the coronavirus (Covid-19) pandemic wiped out some 81 million jobs in Asia and the Pacific in 2020, said a report released by the International Labour Organization (ILO). In...

AIT on common wheat import waived

FE REPORT 2020-12-15 10:04:27

The National Board of Revenue (NBR) has waived advance income tax (AIT) on import of common wheat. The NBR's Income Tax Wing published a gazette notification on December 9, waiving the tax on common...

38 NRBs to get CIP status

FE ONLINE REPORT 2020-12-14 16:58:47

The government has selected 38 non-resident Bangladeshis (NRBs) to award commercially important person (CIP) status for their significant role in the country’s economy. The Ministry of Expatria...

Stimulus, remittances cause liquidity glut on the banks

Siddique Islam 2020-12-14 08:58:37

The advance-deposit ratio (ADR) of the country's banking sector dropped in September 2020 as stimulus money and remittances swelled deposits as against slower credit growth, bankers say. The ADR - a...

Out-of-pocket healthcare expense pushes 5.0m into poverty a year

FE REPORT 2020-12-13 10:38:08

Catastrophic health expenditure due to rise in non-communicable diseases (NCDs) has been pushing over five million people to below poverty line every year, creating impediment to achieving health-rela...

Plan to integrate southern region indispensable to maximise benefits from Padma Bridge: Economists

FHM HUMAYAN KABIR 2020-12-13 10:20:18

Economists on Saturday urged the government to make 'complementary' investments and prepare a regional integration plan to tap the benefit from the Padma bridge. They have called for upgrading the Mo...

Start-ups face fund crisis to sustain amid pandemic, experts say

-- 2020-12-12 21:38:55

Speakers at a national dialogue said funds crisis are the main challenge amid Corona in creating start-ups. Though many young entrepreneurs are entering the competitive market with new ideas, ultima...

BGMEA says Bangladesh will lose $4.0b in EU sans duty-free gains

-- 2020-12-12 20:12:04

Bangladesh's garment exporters will lose $4 billion if the European Union (EU) ends the duty-free trade benefit for the country following its graduation to a developing nation, according to a study by...

Bangladesh bets on preferential trade terms to boost export earnings

-- 2020-12-12 17:56:04

As Bangladesh looks forward to graduating out of the least developed country (LDC) status in 2024, it's increasingly emphasising on bilateral preferential trade agreement (PTA) and free trade agreemen...

Padma Bridge to initiate industrial revolution in 21 districts, experts say

-- 2020-12-12 17:50:31

Bangladesh’s economy will get a huge boost with the expected ‘industrial revolution’ in 21 southwestern districts after the inauguration of the long-cherished Padma Multi-Purpose Bri...

Thailand to boost exports via online trade promotion

-- 2020-12-12 12:46:56

Thailand's Ministry of Commerce has unveiled a strategy outline to boost export in 2021 by focusing on online trade promotion activities. "We will arrange an online business match-making every week o...

Dhaka likely to receive $1.0b WB, ADB funds for purchasing corona vaccine

FHM HUMAYAN KABIR 2020-12-12 10:34:00

Two major lenders are expected to provide US$1.0 billion in loans to help Bangladesh procure Covid-19 vaccines, officials said on Friday. Both the World Bank (WB) and the Asian Development Bank (AD...

Bangladesh's imports may be costlier due to freight charges

JASIM UDDIN HAROON 2020-12-12 08:53:15

The global shipping crisis has fuelled freight charges, thus making the country's imported items costlier, businesses said on Friday. Shipping schedules around the world were disrupted by the pandemi...

ADB launches $9b Covid-19 vaccine facility for developing Asia

Reuters 2020-12-11 15:59:22

The ability of developing countries in Asia to fight the coronavirus pandemic got a much-needed boost after the Asian Development Bank said on Friday it has launched a $9 billion facility to help na...

BB imposes additional 1.0pc general provision against unclassified loans

SIDDIQUE ISLAM 2020-12-11 11:08:43

The central bank has imposed an additional 1.0 per cent general provision against all unclassified loans aiming to improve financial health along with the shock-absorbing capacity of banks, officials...

Dhaka needs to join RCEP or enter a deal, suggest stakeholders

FE REPORT 2020-12-11 10:48:33

Experts and analysts during a webinar on Thursday said Bangladesh may face challenges in attracting foreign direct investment (FDI) for formation of China-led Regional Comprehensive Economic Partnersh...

Pandemic era poor be covered by safety schemes, analysts ask govt

FE REPORT 2020-12-11 10:36:10

The government needs to enhance the coverage of social protection by adding new poor to the new plans for tackling the second wave of coronavirus, experts said on Thursday. For proper execution of th...